SWING IDEA - BORORENEW

Jun 10

Price Action and MACD seems to be forming a Convergence Divergence.
Price Action has also started making new Higher High and Higher Low Pattern.
A Candle seems to have formed in the Weekly candles too indicating good support for the stock.
If all is well, the stock could go to its next leg up.
MACD Cross has still not completed. It could indicate if the Trend will go upward once the crossover is completed successfully. Take Entries upon verifying Price Action after MACD Cross only.

Note: Earnings Report has revealed the company in Loss. This could potentially take the stock down if things don't go right. Ensure to follow Strict Risk Management while trading this stock.

Jun 24

Trade active

Jun 26

Note

News:
The company opened QIP and set the floor price at Rs 331.75 per share, which indicates a discount of 4.6% to the stock's previous close.

Jul 13

Note

MACD has still not made a successful crossover.

Jul 24

Note

Finally some great move this week.

Jul 27

Note

Achieved max Profits of 15% so far. Also MACD crossover is almost about to happen.